SHRIRAM INSIGHT SHARE BROKERS LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, I.T.A. Nos

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita Nos.733, 734 & 735/Mds/2015 "नधा"रण वष" / Assessment Years : 2008-09, 2010-11 & 2011-12

1,41,740/-, even though the return of income was filed within the stipulated period. According to the Ld. counsel, the due 23 I.T.A. Nos.733 to 735/Mds/15 date of return of income was extended upto 15.10.2010 for the assessment year under consideration. Therefore, the interest, if any, has to be recomputed in accordance with the CBDT notification

SHRIRAM INSIGHT SHARE BROKERS LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, I.T.A. Nos

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita Nos.733, 734 & 735/Mds/2015 "नधा"रण वष" / Assessment Years : 2008-09, 2010-11 & 2011-12

1,41,740/-, even though the return of income was filed within the stipulated period. According to the Ld. counsel, the due 23 I.T.A. Nos.733 to 735/Mds/15 date of return of income was extended upto 15.10.2010 for the assessment year under consideration. Therefore, the interest, if any, has to be recomputed in accordance with the CBDT notification

ACIT, CHENNAI vs. SHRI NACHIMUTHU PALANISWAMY, CHENNAI

The appeal stands dismissed

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1032/Chny/2022 (िनधा*रण वष* / Assessment Year: 2010-11) Acit Shri Nachimuthu Palaniswamy, बनाम/ Central Circle-3(3), 82, Cathedral Road, Vs. Chennai. Gopalapuram, Chennai-600 086. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Adopp-9910-F (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri D. Hema Bhupal (Jcit)-Ld. Sr. Dr " थ"कीओरसे/Respondent By : Shri Y.Sridhar (Fca) -Ld. Ar सुनवाईकीतारीख/Date Of Hearing : 16-05-2023 घोषणाकीतारीख /Date Of Pronouncement : 16-05-2023 आदेश / O R D E R

1) or on regular assessment, because there is no proviso to s. 244A(l)(b) as provided under s. 244A(l)(a). 5.4. That apart, the law is well-settled that even for the refund of tax paid under s. 140A on self-assessment, the assessee is entitled to interest as held by this Court in CIT vs. Ashok Leyland

DEPUTY COMMISSIONER (EXEMPTIONS), CHENNAI, INCOME TAX vs. HINDUSTAN INSTITUTE OF TECHNOLOGY AND SCIENCE, CHENNAI

Bench: Shri Manu Kumar Giri & Shri S.R. Raghunathaआयकर अपील सं./Ita No. 611/Chny/2024 निर्धारण वर्ष / Assessment Year: 2009-10 The Dy. Commissioner Of Vs. Income Tax (Exemptions), Chennai. Hindustan Institute Of Technology & Science, 40, Gst Road, St Thomas Mount, Chennai - 600 016. (अपीलार्थी/Appellant) [Pan: Aaath-6508-A] (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से / Assessee By Shri R. Venkatesh, C.A प्रत्यर्थी की ओर से /Revenue By Shri D. Hema Bhupal, Jcit सुनवाई की तारीख/Date Of Hearing 26.06.2024 घोषणा की तारीख / Date Of 04.09.2024 Pronouncement आदेश / Order Per S.R. Raghunatha, A.M : This Appeal By The Revenue Is Arising Out Of The Order Of The Commissioner Of Income Tax (Appeals), [Nfac], Delhi (Hereinafter “Cit(A)] In Din & Order No. Itba/Nfac/S/250/2023- 24/1059507197(1), Dated 09.01.2024. The Assessment Was Framed By The Dy. Commissioner Of Income Tax (Exemptions), Chennai For The

Section 143(3) is given below: Gross receipts 85% thereof Application of Income 1. Capital Rs. 6,16,57,081 2. Revenue Rs.10,81,87,832 Less: Form 10 filed Rs.22,47,53,179 Rs.19,10,40,202 Rs.16,98,44,913 Rs. 2,11,95,289 Rs. 2,24,00,000 Total income Nil Tax there on Nil TDS

ASSISTANT COMMISSIONER OF INCOME TAX, SALEM vs. PANDYAN GRAMA BANK, SALEM

In the result, the appeal of the revenue is dismissed and the CO of the assessee is partly allowed

Bench: Shri S.S. Viswanethra Ravi & Shri S. R. Raghunathaआयकर अपील सं./Ita No.: 2870/Chny/2024 & Co No.06/Chny/2025 (In Ita No.: 2870/Chny/2024) िनधा"रण वष" / Assessment Year: 2016-17 The Assistant Commissioner Of Pandyan Grama Bank, Income Tax, Vs. Now Known As Tamil Nadu Grama Circle 1, Bank, Salem. No.6, Yercaud Road, Hasthampatty, Salem – 636 007. [Pan: Aahat-7854-K] (अपीलाथ"/Appellant) (""थ"/Respondent) Assessee By : Shri. N. Arjun Raj, Advocate & Shri. P. Gurusamy, I.T.P. Department By : Shri. Shivanand K Kalakeri, C.I.T. सुनवाई की तारीख/Date Of Hearing : 15.04.2025 घोषणा की तारीख/Date Of Pronouncement : 27.06.2025

244A was wrong, erroneous, incorrect, invalid, unjustified and not sustainable both on facts and in law. 11. The Respondent craves leave to file additional grounds/arguments at the time of hearing. :-4-: I.T.A. No.:2870/Chny/2024 & C.O. No.06/Chny/2025 3. At the outset, we find that there is a delay of 39 days in appeal filed by the revenue. After hearing both

IDUMBEN KNITTERS, ,TIRUPUR CHENNAI vs. ACIT, CIRCLE-1TIRUPUR, TIRUPUR, CHENNAI

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 711/Chny/2023 िनधा"रण वष" / Assessment Year: 2017-18 Idumban Knitters Assistant Commissioner Of S.F. No. 440, 443, Sbi Colony, V. Income Tax, Gandhi Nagar Post, Circle-1, Tirupur – 641 603. Tirupur. [Pan: Aaafi-7635-P] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. M A Srinivasan, Fca ""यथ" क" ओर से/Respondent By : Shri. D. Hema Bhupal, Jcit सुनवाई क" तारीख/Date Of Hearing : 01.08.2023 घोषणा क" तारीख/Date Of Pronouncement : 11.08.2023

TDS, as per the provisions of Section 194 J, stating the same as payment to Mr.U.S.Dinesh, for the services rendered by him which amounts to duplication of addition and taxing twice on one transaction, and hence illegal and not sustainable in law. Therefore, the appellant / assessee herein, humbly pray before the Hon'ble Members of ITAT, to allow this Appeal

PANDYAN GRAMA BANK,VIRUDHUNAGAR vs. ACIT CIRCLE 1, VIRUDHUNAGAR

In the result, the assessee’s appeal in ITA Nos

Bench: Shri George Mathan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. Nos. 685, 684, 687 & 688/Chny/2018 & 2443, 2444 & 2445/Chny/2016 "नधा"रण वष"/Assessment Years : 2007-08, 2008-09, 2009-10 & 2010-11 Pandyan Grama Bank, The Assistant Commissioner Of Admn. Office, Vs. Income Tax, No. 2-70-1, Collectroate Complex, Katcheri Road, Virudhunagar, 626 002. Virundhunagar, 626 001. [Pan: Aaaaap 0895P] (%&यथ'/Respondent) (अपीलाथ"/Appellant)

section 246A, he is unable to admit these appeals and they are dismissed in liminie. 3. Thereafter, the assessee filed appeals on 14.09.2016 against the orders passed by the AO giving effect to the orders of the Hon’ble ITAT. with condonation petitions for assessment years 2007-08, 2008-09 & 2009- 10, respectively

PANDYAN GRAMA BANK,VIRUDHUNAGAR vs. ACIT CIRCLE 1, VIRUDHUNAGAR

In the result, the assessee’s appeal in ITA Nos

Bench: Shri George Mathan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. Nos. 685, 684, 687 & 688/Chny/2018 & 2443, 2444 & 2445/Chny/2016 "नधा"रण वष"/Assessment Years : 2007-08, 2008-09, 2009-10 & 2010-11 Pandyan Grama Bank, The Assistant Commissioner Of Admn. Office, Vs. Income Tax, No. 2-70-1, Collectroate Complex, Katcheri Road, Virudhunagar, 626 002. Virundhunagar, 626 001. [Pan: Aaaaap 0895P] (%&यथ'/Respondent) (अपीलाथ"/Appellant)

section 246A, he is unable to admit these appeals and they are dismissed in liminie. 3. Thereafter, the assessee filed appeals on 14.09.2016 against the orders passed by the AO giving effect to the orders of the Hon’ble ITAT. with condonation petitions for assessment years 2007-08, 2008-09 & 2009- 10, respectively

PANDYAN GRAMA BANK,VIRUDHUNAGAR vs. ACIT CIRCLE 1, VIRUDHUNAGAR

In the result, the assessee’s appeal in ITA Nos

Bench: Shri George Mathan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. Nos. 685, 684, 687 & 688/Chny/2018 & 2443, 2444 & 2445/Chny/2016 "नधा"रण वष"/Assessment Years : 2007-08, 2008-09, 2009-10 & 2010-11 Pandyan Grama Bank, The Assistant Commissioner Of Admn. Office, Vs. Income Tax, No. 2-70-1, Collectroate Complex, Katcheri Road, Virudhunagar, 626 002. Virundhunagar, 626 001. [Pan: Aaaaap 0895P] (%&यथ'/Respondent) (अपीलाथ"/Appellant)

section 246A, he is unable to admit these appeals and they are dismissed in liminie. 3. Thereafter, the assessee filed appeals on 14.09.2016 against the orders passed by the AO giving effect to the orders of the Hon’ble ITAT. with condonation petitions for assessment years 2007-08, 2008-09 & 2009- 10, respectively

PANDYAN GRAMA BANK,VIRUDHUNAGAR vs. ACIT CIRCLE 1, VIRUDHUNAGAR

In the result, the assessee’s appeal in ITA Nos

Bench: Shri George Mathan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. Nos. 685, 684, 687 & 688/Chny/2018 & 2443, 2444 & 2445/Chny/2016 "नधा"रण वष"/Assessment Years : 2007-08, 2008-09, 2009-10 & 2010-11 Pandyan Grama Bank, The Assistant Commissioner Of Admn. Office, Vs. Income Tax, No. 2-70-1, Collectroate Complex, Katcheri Road, Virudhunagar, 626 002. Virundhunagar, 626 001. [Pan: Aaaaap 0895P] (%&यथ'/Respondent) (अपीलाथ"/Appellant)

section 246A, he is unable to admit these appeals and they are dismissed in liminie. 3. Thereafter, the assessee filed appeals on 14.09.2016 against the orders passed by the AO giving effect to the orders of the Hon’ble ITAT. with condonation petitions for assessment years 2007-08, 2008-09 & 2009- 10, respectively

PANDYAN GRAMA BANK,VIRUDHUNAGAR vs. ACIT, VIRUDHUNAGAR

In the result, the assessee’s appeal in ITA Nos

Bench: Shri George Mathan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. Nos. 685, 684, 687 & 688/Chny/2018 & 2443, 2444 & 2445/Chny/2016 "नधा"रण वष"/Assessment Years : 2007-08, 2008-09, 2009-10 & 2010-11 Pandyan Grama Bank, The Assistant Commissioner Of Admn. Office, Vs. Income Tax, No. 2-70-1, Collectroate Complex, Katcheri Road, Virudhunagar, 626 002. Virundhunagar, 626 001. [Pan: Aaaaap 0895P] (%&यथ'/Respondent) (अपीलाथ"/Appellant)

section 246A, he is unable to admit these appeals and they are dismissed in liminie. 3. Thereafter, the assessee filed appeals on 14.09.2016 against the orders passed by the AO giving effect to the orders of the Hon’ble ITAT. with condonation petitions for assessment years 2007-08, 2008-09 & 2009- 10, respectively

PANDYAN GRAMA BANK,VIRUDHUNAGAR vs. ACIT, VIRUDHUNAGAR

In the result, the assessee’s appeal in ITA Nos

Bench: Shri George Mathan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. Nos. 685, 684, 687 & 688/Chny/2018 & 2443, 2444 & 2445/Chny/2016 "नधा"रण वष"/Assessment Years : 2007-08, 2008-09, 2009-10 & 2010-11 Pandyan Grama Bank, The Assistant Commissioner Of Admn. Office, Vs. Income Tax, No. 2-70-1, Collectroate Complex, Katcheri Road, Virudhunagar, 626 002. Virundhunagar, 626 001. [Pan: Aaaaap 0895P] (%&यथ'/Respondent) (अपीलाथ"/Appellant)

section 246A, he is unable to admit these appeals and they are dismissed in liminie. 3. Thereafter, the assessee filed appeals on 14.09.2016 against the orders passed by the AO giving effect to the orders of the Hon’ble ITAT. with condonation petitions for assessment years 2007-08, 2008-09 & 2009- 10, respectively

PANDYAN GRAMA BANK,VIRUDHUNAGAR vs. ACIT, VIRUDHUNAGAR

In the result, the assessee’s appeal in ITA Nos

Bench: Shri George Mathan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. Nos. 685, 684, 687 & 688/Chny/2018 & 2443, 2444 & 2445/Chny/2016 "नधा"रण वष"/Assessment Years : 2007-08, 2008-09, 2009-10 & 2010-11 Pandyan Grama Bank, The Assistant Commissioner Of Admn. Office, Vs. Income Tax, No. 2-70-1, Collectroate Complex, Katcheri Road, Virudhunagar, 626 002. Virundhunagar, 626 001. [Pan: Aaaaap 0895P] (%&यथ'/Respondent) (अपीलाथ"/Appellant)

section 246A, he is unable to admit these appeals and they are dismissed in liminie. 3. Thereafter, the assessee filed appeals on 14.09.2016 against the orders passed by the AO giving effect to the orders of the Hon’ble ITAT. with condonation petitions for assessment years 2007-08, 2008-09 & 2009- 10, respectively

THE LAKSHMI VILAS BANK LIMITED,KARUR vs. ACIT CIRCLE 2(1), TRICHY

Bench: Hon’Ble Shri Mahavir Singh & Hon’Ble Shri Manoj Kumar Aggarwal, Am

244A; (iv) Enhancement of Income on depreciation on investments & (v) TDS Credit. The assessee is also aggrieved by the fact that revised return as filed on 21.03.2014 was not considered by the lower authorities. ITA Nos.671 & 899/Chny/2019 The subject matter of revenue’s appeal is (i) Ex-gratia payments; (ii) Interest accrued on NPAs; (iii) Rural Debts advances while computing

DCIT CIRCLE 2(1), TRICHY vs. THE LAKSHMI VILAS BANK LTD., KARUR

Bench: Hon’Ble Shri Mahavir Singh & Hon’Ble Shri Manoj Kumar Aggarwal, Am

244A; (iv) Enhancement of Income on depreciation on investments & (v) TDS Credit. The assessee is also aggrieved by the fact that revised return as filed on 21.03.2014 was not considered by the lower authorities. ITA Nos.671 & 899/Chny/2019 The subject matter of revenue’s appeal is (i) Ex-gratia payments; (ii) Interest accrued on NPAs; (iii) Rural Debts advances while computing

THINKSYNQ CONSULTING LLP,CHENNAI vs. ITO NCW E, CHENNAI

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.1530/Chny/2018 "नधा"रण वष" / Assessment Year : 2014-15 M/S Thinksynq Consulting Llp, The Income Tax Officer, 17 (Old No.9), Seethamma Road, V. Non Corporate Ward 12(3), Alwarpet, Chennai - 600 018. Chennai - 600 006. Pan : Aagft 6098 K (अपीलाथ"/Appellant) (""यथ"/Respondent)

TDS as per Form 16A and as per the return filed, was ₹6,73,257/- and the Assessing Officer has given credit only to the extent of ₹6,61,452/-, this Tribunal is of the considered opinion that the matter needs to be re-examined by the Assessing Officer. Accordingly, orders of both the authorities below are set aside

M/S. SPENCER TRAVEL SERVICES LTD.,CHENNAI vs. DCIT, CHENNAI

The appeal stand partly allowed in terms of our above order

Bench: Hon’Ble Shri V. Durga Rao & Hon’Ble Shri Manoj Kumar Aggarwal, Am

TDS would result into full disallowance of the expenditure. Therefore, accepting the plea of Ld. AR, we direct the assessee to demonstrate before Ld. AO that the assessee fulfills the prescribed conditions and could not be considered as assessee-in-default in terms of first proviso to sub- section (1) of Sec.201 by furnishing the requisite documents as specified therein

INDIAN OVERSEAS BANK,CHENNAI vs. DCIT, CHENNAI

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

1) of the Act on 29.11.2002. The ld. Assessing Officer granted TDS credit to the extent of "22,15,22,032/- as against total credit of "36,37,57,680/- in return of income and no credit was allowed for defective TDS certificates to the extent of "14,22,35,648/- and Assessing Officer completed assessment u/s.143(3) dated